Precast Concrete Market Is Extrapolated To Reach A Value Of USD 139.33 Bn By 2028Posted by rahul nikade on August 1st, 2022 Precast Concrete Industry Overview The global precast concrete market size is expected to reach USD 139.33 billion by 2028 registering a CAGR of 5.3%, according to a new report by Grand View Research Inc. Growing product utilization in the residential construction industry to reduce the overall cost of construction is expected to drive the market growth over the forecast period. China, India, Indonesia, and Vietnam are some of the major Asian economies that are witnessing an infrastructure boom. Thus, growing investments in the construction of underground and over the ground metro rail projects, bridges, tunnels, subways, and high-speed rail networks are anticipated to provide a major boost to the global market. Precast Concrete Market Segmentation Grand View Research has segmented the global precast concrete market on the basis of product, end-use, and region: Based on the Product Insights, the market is segmented into Structural Building Components, Architectural Building Components, Transportation Products, Water & Waste Handling Products, Others.
Based on the End-use Insights, the market is segmented into Residential, Non-residential, Infrastructure.
Precast Concrete Regional Outlook
Key Companies Profile & Market Share Insights The global market is highly competitive. Thus, market participants focus on reducing their product prices while improving the quality. Cast modules are very heavy, so it is desirable to have the casting yard within a 100-kilometer radius of the construction site. Thus, major players have established their castings yards near the construction sites. Some prominent players in the global precast concrete market include
Order a free sample PDF of the Precast Concrete Market Intelligence Study, published by Grand View Research. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com Like it? Share it!More by this author |